Rockford Barbell

Analysis

Rockford Barbell is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rockford Barbell reported income of $219k and spending of $128k, leaving 41% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $219k (+211%), an average of +211% a year. The sharpest change came in the year to June 2024, when income rose by 211%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rockford Barbell sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Liberty-Benton Soccer Association Inc ($219k), Socastee High School Athletic Assoc Iation ($219k) and Junior Swamp Bats ($219k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (41% of expenses). At year end it held assets of $153k against liabilities of $13k, net assets of $139k. It reported 3 employees.